:''Charlie Rose asked the question that scholars, pundits, and plaintiffs attorneys will be debating for years: “Should wise people have known better?” Of course they should have, Buffet replied, but there’s a “natural progression” to how good new ideas go badly wrong. He called this progression the “three Is.”''

:''Charlie Rose asked the question that scholars, pundits, and plaintiffs attorneys will be debating for years: “Should wise people have known better?” Of course they should have, Buffet replied, but there’s a “natural progression” to how good new ideas go badly wrong. He called this progression the “three Is.”''

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:''First come the innovators, who see opportunities that others don’t and champion new ideas that create genuine value. Then come the imitators, who copy what the innovators have done. Sometimes they improve on the original idea, often they tarnish it. Last come the idiots, whose avarice undermines the very innovations they are trying to exploit.''

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:''First come the '''innovators''', who see opportunities that others don’t and champion new ideas that create genuine value. Then come the '''imitators''', who copy what the innovators have done. Sometimes they improve on the original idea, often they tarnish it. Last come the '''idiots''', whose avarice undermines the very innovations they are trying to exploit.''

Revision as of 15:18, 11 February 2019

With every transaction there are always 2 sellers and 2 buyers. Usually one of the sides sells money, but sales might be in a form, where neither side sells money. According to Robert James Shiller, in 1969 the Kenneth Ewart Boulding offered the following definition: "Economics is the study of exchange." Transactions can be seen as a form of collaboration and different people can have different preferences for their collaboration partners.

What Earns the "business people" the bad Reputation

Stalin: people are replaceable.

Corporate executives: employees are replaceable.

The idea that business projects and jobs come and go, but human relations stay, is just inconceivable to psychopaths, because bad human relations do not matter to them. The psychopaths do not need smart people around them, they only need people, who are "smart enough" and obedient. If that does not work out for them, then they try to buy in the missing parts, often times in the form of a corporate acquisition.

The Chief Executive Officers (CEO-s) usually earn a bad reputation by being dishonest and by being psychopaths. No level of education makes the psychopaths treat other people well. Education only advances the psychopaths to be slicker crooks and better liars. The non-CEO types, who earn a bad reputation while actually owning the business that they are running, tend to earn their bad reputation by being the idiots at the Warren Buffet's triple-I series of Innovators-Imitators-Idiots. A citation(archival copy) that talks about the 2008 financial meltdown:

Charlie Rose asked the question that scholars, pundits, and plaintiffs attorneys will be debating for years: “Should wise people have known better?” Of course they should have, Buffet replied, but there’s a “natural progression” to how good new ideas go badly wrong. He called this progression the “three Is.”

First come the innovators, who see opportunities that others don’t and champion new ideas that create genuine value. Then come the imitators, who copy what the innovators have done. Sometimes they improve on the original idea, often they tarnish it. Last come the idiots, whose avarice undermines the very innovations they are trying to exploit.

What Makes Tyrants and Psychopaths to Adopt new Technology

Tyrants and Psychopaths adopt new technology only, when the trove of slaves, servants and canon fodder is not able offer the qualitative result that they prefer to have. For example, a simplistic sword is cheaper to manufacture than a proper sword or a gun, but to win a battle the Tyrants and Psychopaths are still willing to invest in guns. If the Psychopath is a Monkey King, then he/she is too stupid to even want guns and just looses his/her battles.

It took the industrial revolution to replace classical slavery with salary based slavery. May be it takes some totally new class of products to replace the salary based slavery with freelancers and there might be an attempt to leach the freelancers by using various kind of trade embargoes, taxation and other legislative means. After all, the purpose of the Law is to allow the supermafia elite to oppress all the rest.